If the economy is fully employed,which of the following is true?
A) The price level equals 100.
B) Real and nominal GDP are equal.
C) Real and potential GDP are equal.
D) The unemployment rate is zero.
E) Real GDP cannot increase.
Correct Answer:
Verified
Q1: Which of the following would have the
Q2: Suppose an economist stated that Brazil had
Q3: The level of real GDP the economy
Q4: The idea that potential GDP is the
Q6: The Lucas Wedge is estimated to
A)total over
Q7: Suppose Germany's economy is experiencing full employment.This
Q8: According the Keynesian macroeconomic model,which of the
Q9: Which of the following ideas reflect the
Q10: The Keynesian macroeconomic model states that
A)the economy
Q11: Potential GDP is
A)equal to the maximum amount
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